Tips and tricks

How much does it cost to live in Germany as a student?

How much does it cost to live in Germany as a student?

According to one survey as of 2020, you need a minimum of 850 euros per month for your living expenses which are around approximately 10,236 euros per year. In Germany, your biggest expense is the rent of your apartment or any place you are going to live in.

How much can a student earn in a month in Germany?

Students in Germany can earn up to €450 (~US$491) per month tax-free. If you earn more than this, you will receive an income tax number and have automatic tax deductions from your salary.

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How much do Indian students earn part-time in Germany?

Students on part-time jobs can earn up to 450 euros per month without having to pay taxes. However, once they exceed the limit on a regular monthly basis they would have to obtain a tax number and start paying taxes.

Is Germany expensive than Canada?

The costs of living and taxes may be slightly higher in Germany at times. 3) Canada ranks as just 5\% cheaper than Germany by way of living costs as per studies. 7) Average Canadian citizens also pay 77\% lower than German citizens for utilities like electricity, water, garbage and gas.

How can a student make money in Germany?

9 ways to earn money in Germany as a student

  1. Internship.
  2. Student work in a company.
  3. Writing thesis in a company.
  4. Scholarship.
  5. University jobs.
  6. Bartender/ waiter.
  7. Babysitter, and other jobs from private persons.
  8. Street performance.

Why do international students choose to work part-time in Germany?

Despite German universities having zero or very low tuition fees and the cost of living in Germany being very reasonable compared to other countries, two-thirds of international students still choose to work part-time to cover their living expenses.

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How much money do I need to study in Germany?

Under the current law, every foreign non-EU or non-EEA student must have proper financial means to finance their stay in Germany during their studies. An international student in Germany must possess a minimum of €10,332 which is estimated to be enough for a student to cover the cost of living for the first year of his studies.

How much can I earn with a part-time job in Germany?

You should keep in mind that you will not be able to cover all your living expenses with the money you receive from non-academic part-time jobs. There is also a monthly income limit of €450 per month, meaning that if you earn more than this amount, you will need to pay standard German taxes.

How to finance your studies in Germany from a part-time job?

In other words, financing your studies in Germany entirely from your part-time job is impossible. At least with the current legal regulations. Another way of financing your studies in Germany is by getting student loans. Lucky for you, international students enjoy numerous benefits and one of these benefits is access to student loan schemes.